North Carolina State Treasurer Brad Briner said the state's $200 billion pension fund will avoid investing directly in SpaceX's IPO due to its high $1.77 trillion valuation, which he believes leaves little room for gains. Instead, the fund has invested heavily in AI startups OpenAI and Anthropic, which Briner sees as offering better risk-reward potential. SpaceX plans to go public with a $1.8 trillion valuation, raising about $75 billion. The pension fund expects to gain indirect exposure to SpaceX through index funds after the IPO rather than private investments.
Joe Lonsdale, co-founder of Palantir, publicly endorsed SpaceX and Anthropic as the leading companies in the AI race, citing their strong momentum and focus. While acknowledging OpenAI's capabilities, he suggested it may be losing ground due to compe...
Ahead of its mega-IPO, SpaceX revealed healthcare ambitions in its SEC filing, highlighting Starlink's role in improving remote healthcare access in underserved areas. The company also envisions manufacturing pharmaceuticals in orbit, leveraging micr...
OpenAI has confidentially filed for an IPO with the U.S. Securities and Exchange Commission, potentially marking one of the largest public market debuts. Valued at over $850 billion, OpenAI is preparing to go public possibly in the fourth quarter of ...
The Procure Space ETF (UFO) has jumped about 32% in the past month and 165% over the past year, fueled by gains in small commercial space companies like Virgin Galactic. The ETF focuses on companies deriving most revenue from space activities, making...
Wall Street faces a critical week with key events including the US Consumer Price Index report expected to show rising inflation, Apple's annual developer conference focusing on AI updates, and the highly anticipated SpaceX IPO aiming to raise $75 bi...
